Enhancing the impact of financial guarantees - Note for meeting of Financing for Development Initiative, Sao Paulo, October 26-2

The focus of this paper is on guarantees primarily with a developmental motive offered to equity investors, project lenders, host organisations and borrowers engaged in long term investment. By definition, this includes all relevant products offered by the international financing institutions (IFIs) and some schemes of bilateral development agencies. The criterion for inclusion is that the operation, if it were to have been financed directly by donors through concessional credits, would be considered as official development assistance (ODA).